502 University Ave, Ithaca, NY 14850
OFF MARKET

502 University Ave
Ithaca, NY 14850

  • Studio
  • 2,040 sqft (on 0.37 acres)

$600,900

Trulia Estimate
as of Aug 19, 2026
Est. Refi. Payment $4,140/mo*
Refinance Your Home

$600,900

Trulia Estimate
as of Aug 19, 2026
Est. Refi. Payment $4,140/mo*
Refinance Your Home
Studio
2,040 sqft
(on 0.37 acres)

Home Value

Trulia Estimate
$601K
Since last month
Increased$19K (+3.4%)
Since last year
Decreased$5K (-0.8%)
Since last sale
Increased$24K (+4.1%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value decreased by -5% in the last 10 years
MonthEstimated value
2026
August 2026$594K
July 2026$574K
June 2026$583K
May 2026$589K
April 2026$578K
March 2026$595K
February 2026$574K
January 2026$577K
2025
2024
2023
2022
2021

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
402 University Ave, Ithaca, NY
0.05
Multi-Family Home
$445,000
04/29/26
5
3
2,661
614 N Aurora St, Ithaca, NY
0.18
Multi-Family Home
$429,000
07/17/26
4
2
1,590
842 N Aurora St, Ithaca, NY
0.21
Multi-Family Home
$465,000
09/30/25
5
2
2,408
607 N Cayuga St, Ithaca, NY
0.32
Multi-Family Home
$495,000
09/04/25
5
4
2,296
445 N Tioga St, Ithaca, NY
0.30
Multi-Family Home
$497,500
06/22/26
6
2
2,234
122-24 Linn St, Ithaca, NY
0.30
Multi-Family Home
$320,000
03/05/26
4
2
1,792
5 Woodland Pl, Ithaca, NY
0.54
Multi-Family Home
$265,000
11/19/25
4
2
1,834

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
402 University Ave, Ithaca, NY 14850
0.05
$445,000
5
3
2,661
Recently Sold
508 University Ave, Ithaca, NY 14850
0.04
$609,400
8
-
2,452
Off Market
512 University Ave, Ithaca, NY 14850
0.06
$583,100
6
3
2,535
Off Market
317 Linn St, Ithaca, NY 14850
0.10
$336,800
3
1
1,362
Off Market
311 Linn St, Ithaca, NY 14850
0.12
$406,800
2
2
1,544
Off Market
316 Linn St, Ithaca, NY 14850
0.13
$398,000
3
2
1,872
Off Market
510 Linn St, Ithaca, NY 14850
0.11
$446,100
3
3
2,576
Off Market
707 N Aurora St, Ithaca, NY 14850
0.13
$450,450
5
3
2,216
For Sale
410 E Marshall St, Ithaca, NY 14850
0.16
$333,000
3
1
1,623
For Sale
N Aurora St N, Ithaca, NY 14850
0.14
$503,500
6
2
2,128
Off Market
702 N Aurora St, Ithaca, NY 14850
0.16
$480,000
8
4
3,305
For Sale

Local Information

  • Map ViewExplore the area around 502 University Ave.
  • Schools7 Preschool Schools8 Elementary Schools2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Year Built
1873
Lot Size
0.37 acres
Living Area
2,040 sqft
Price/Sqft
$295

About this House

One of the oldest homes on University Avenue, the Mary B. Wood House was built for and occupied by Ezra Cornell's mother-in-law and is named after her. The house is Second Empire style and was built in 1873. Fully leased and the gross income for 2022.2023 year is $72,600.Converted to student housing in the 1980s, this house has 5 units, legal for 8 unrelated people. 2019 Certificate of Compliance to convey. Landlord's style is to pay utilities, though there are 3 heating systems and future owner could pass on heating costs for 2 of 5 units.3rd heating system heats 3 remaining apts. Landlord provides hot and cold water, most furnishings and all appliances on site. Seller to provide inventory of personal property. Tenants in this building have the right to use coin-op laundry located at 508 University, owned by the same landlord.
502 University Ave, Ithaca, NY 14850 is a studio, 2,040 sqft multi-family built in 1873. It last sold for $570,000 on Oct 31, 2023 (4% below the $595,000 asking price). It is currently off market. The Trulia Estimate is $600,900, with a rent estimate of $1,786/month.
Last check for updates: about 4 hours ago
Listed by Carol Bushberg, (607) 279-4530
Carol Bushberg Real Estate
Edward Finegan, (607) 279-0234
EDWARD J FINEGAN
Bought with: Andrew Schreck, (585) 802-7827, Warren Real Estate of Ithaca Inc. (Downtown)
Originating MLS: Ithaca Board of Realtors
Source: NYSAMLSs, MLS#IB407834

Home Details for 502 University Ave

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: Partially Finished,Walk-Out Access
Dimensions and Layout
Living Area: 2040 Square Feet
Appliances & Utilities
Utilities: Sewer Connected, Water ConnectedAppliances: See RemarksLaundry: Common Area
Heating & Cooling
Heating: Gas,Separate Meters,Baseboard,Forced Air,Hot WaterAir Conditioning: Separate MetersHas HeatingHeating Fuel: Gas

Exterior Features

Exterior Home Features
Foundation: Stone
Parking & Garage
Parking: Concrete,Off Site,Other,Parking Available,One Space,On Street,See Remarks,Two or More Spaces
Water & Sewer
Sewer: Connected

Property Information

Year Built
Year Built: 1873
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Construction Materials: Frame
Property Information
Parcel Number: 500700 32.23

Price & Status

Price
List Price: $595,000
Status Change & Dates
Off Market Date: Tue Oct 31 2023Possession Timing: Close Of Escrow

Media

Location

Direction & Address
City: Ithaca CityCommunity: University Hill Historic
School Information
Elementary School: Fall Creek ElementaryElementary School District: IthacaJr High / Middle School: Boynton MiddleJr High / Middle School District: IthacaHigh School District: Ithaca

Building

Building Area
Building Area: 2040 Square Feet

Community

Units in Building: 1

HOA

Association for this Listing: Ithaca Board of Realtors

Lot Information

Lot Area: 0.37 acres

Business

Expense
Tenant Pays: Electricity

Miscellaneous

BasementMls Number: IB407834Living Area Range Units: Square FeetUniversal Property Id: US-36109-N-500700 3223-R-N

Price and Tax history

DateEventPrice
Oct 31, 2023
Source: NYSAMLSs #IB407834
Sold
$570,000
Feb 19, 2023
Source: ITMLS #407834
Pending
$595,000
Dec 18, 2022
Source: ITMLS #407834
Contingent
$595,000
Dec 6, 2022
Source: ITMLS #407834
Listed For Sale
$595,000
Nov 5, 2022
Source: ITMLS #406571
ListingRemoved

Market trends in Ithaca

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$406K
$17.33KMoM
Sale-to-List Price
99.2%
1.1%MoM
Price per sq ft
$228
$6MoM
Available listings
145
2MoM

Around this home

View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Ithaca

At least 179 Trulia users voted on each feature.

  • 92 % Say it's dog friendly

  • 81 % Say car is needed

  • 79 % Say there's wildlife

  • 76 % Say parking is easy

  • 73 % Say people would walk alone at night

  • 64 % Say yards are well-kept

  • 62 % Say kids play outside

  • 60 % Say it's quiet

  • 59 % Say neighbors are friendly

  • 58 % Say there are sidewalks

  • 56 % Say there's holiday spirit

  • 54 % Say it's walkable to restaurants

  • 49 % Say they plan to stay for at least 5 years

  • 45 % Say it's walkable to grocery stores

  • 43 % Say streets are well-lit

  • 39 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "Meeting neighbors for fireplace socializing and watching everyone’s pets is great. The view of July 4th is lovely"
    5
    Flag
  • Trulia User
    "Lots of inebriated college students driving short distances around the neighborhoods when they shouldn’t be and overly intoxicated walking by houses shouting/ overly rowdy at all times of the night & early morning."
    4
    Flag
  • Trulia User
    "Dog friendly and family friendly. Close to Northeast Elementary and Dewitt Middle school - I used to walk to school as a kid growing up there. Safe"
    0
    Flag
  • Trulia User
    "Lots of college students partying (loud music, public drinking/intoxication, recreational drug use, etc..)."
    4
    Flag
  • Trulia User
    "I have been living in Cayuga heights for 4 years, love it absolutely. Feel sad to leave such a quiet and beautiful place."
    0
    Flag
  • Samara G.
    "They would like the dog park mostly the skateboard park and the only thing they wouldn’t like is some landlords expect dog deposits and some don’t allow dogs, whether working dog or not."
    9
    Flag
  • Vanessa H. B.
    "I walk to my office, which is around the corner from where I live. I love it! There is public transport, which I would feel good about using if I moved. "
    4
    Flag
  • Tristan H.
    "Public transportation is readily available and accessible by all who live in Cayuga Heights. TCAT busses run very often and go in all directions."
    4
    Flag
  • Lj279
    "It is hard to live here and depend on public transportation. You must have a car for groceries and emergencies. There is no biking path or good side walks. "
    10
    Flag
  • Mnichols
    "I have lived on south hill for 25 years in 2 different homes. It is close to downtown and state park, I can walk to ithaca college and buttermilk falls park in 10 min each."
    6
    Flag
  • Kurtwright
    "Close to CORNELL campus......walkable Close to Ithaca Commons.....walkable Well maintained historic houses"
    0
    Flag
  • Trulia User
    "You see people walking their dogs all the time. The local park is a great asset of the neighborhood. "
    3
    Flag
  • Joshua P.
    "Views, street lights and nature trail. Traffic can get a bit fast, but the road is safe. New bike paths across the bridge are interesting "
    2
    Flag
  • Paul
    "It is a very easy commute to downtown. Slightly more to the colleges. I consider commutes under 15 minutes to be easy though. I know Ithacans complain about traffic at the “octopus”, but that’s only because most of them have never seen traffic."
    1
    Flag
  • David W.
    "Amazing location! I walk 10 blocks to work. Gimme Coffee is on the way. Historic Northside Triangle is the place to be!"
    0
    Flag
  • Dani932
    "The apartments aren't upgraded for the amount you pay on a one-bedroom. The area is quiet and l haven't had any issues living here."
    0
    Flag
  • Ronald B.
    "Semi-rural atmosphere. Lots of walking paths and hiking trails in the area. Our area of Dryden is in the Ithaca School District, whisky is very good."
    0
    Flag
  • Trulia User
    "Beautiful, nice view. The community is looking forward to sidewalks that will help the area become more navigating. The community is nice but not as inviting as some may like."
    7
    Flag
  • Latoya Peterson
    "Landlords don’t except Section 8 assistants. Good luck getting your security deposit back!?! Slum lords own most property here unfortunately."
    11
    Flag
  • Trulia User
    "Access to public transportation a plus. They need to work on installing shoulders on west king road. Commuting is easy"
    5
    Flag
  • Paul
    "I've lived in the area for 13 years. I've lived in Northeast Ithaca specifically for 5 years. Northeast Ithaca is very competitive as far as buying a home. The people are great and Northeast Elementary including the Ithaca City School District is beyond amazing. Northeast Ithaca is close to Cornell University. There are many reasons why homes in in Northeast Ithaca are in high demand."
    1
    Flag
  • Littlespoon1970
    "I have lived here for three years and I feel safe in this neighborhood. People are friendly and it’s in walking distance to the commons and my work at Ithaca High School."
    0
    Flag
  • Dsevey
    "My commute is within 15 minutes and traffic is never an issue. I would like to see more public transportation options. "
    0
    Flag
  • LexiH
    "This place is pretty quiet, it’s a really nice neighborhood very safe and it’s close to the airport and many trails to walk so you can Birdwatch very beautiful during the summer and spring."
    0
    Flag
  • Ithacadale169
    "the area I live in is quiet and full of nature with a creek and trails to walk. there are a few loud dogs but they are usually quiet"
    0
    Flag
  • Paul
    "We have neighborhood holiday parties and always run into many familiar faces at community events. Ithaca is a safe small town with great restaurants and attractions."
    1
    Flag
  • Joann.reinhardt
    "Community that gives to family & children of many activities. Dryden offers healthy activities for all ages. Library is an investment for the community. "
    0
    Flag
  • Joann.reinhardt
    "Great community for young families as well as the retired couples. The city and colleges offer many free entertainment to all of the residents. Many grocery stores and restaurants and retail stores to shop. Unique shops on the main common area in the middle of the city. There is so many outdoor lights activities for all ages in the Finger Lakes area. "
    0
    Flag
  • Tim T.
    "There are two parks in a three block area. Level walking throughout the neighborhood. It would be nice however for the city to make the parks more dog friendly and put up waste containers for doggy poop bags. "
    1
    Flag
  • Theguru1992
    "ithaca is a collage towns with many store fronts an bars stores are simple walk down the hill. great place to live or rent with family or going to college"
    0
    Flag
  • Kristin c.
    "Like: many dog owners and they are friendly Not like: no sidewalks on roads where cars drive very fast"
    0
    Flag
  • Mmogelonsky
    "Lots of dogs everywhere and great walking paths...not a lot of sidewalks but drivers are careful. A bit of a drive to the dog park downtown but there are some open areas nearby "
    2
    Flag

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The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the CNYIS, UNYREIS and WNYREIS. Real estate listings held by firms other than Zillow, Inc. are marked with the IDX logo and include the Listing Broker’s Firm Name. Listing Data last updated at 2026-08-19 02:56:36 PDT. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2026 CNYIS, UNYREIS, WNYREIS. All rights reserved.

Frequently asked questions about 502 University Ave

  • What is 502 University Ave estimated to be worth?
    Trulia's estimated value for 502 University Ave in Ithaca, NY is $600,900.
  • What is the price history for 502 University Ave?
    502 University Ave in Ithaca, NY last sold for $570,000 in October 2023.
  • Is Ithaca a buyer's or seller's market?
    Ithaca is currently a balanced market, based on recent for-sale activity.
  • What's the median sale price in Ithaca?
    The median sale price in Ithaca is $406K. That is up $17.33K from the prior month.
  • Does 502 University Ave have laundry facilities?
    Yes, 502 University Ave in Ithaca, NY has laundry facilities.
  • Does 502 University Ave have parking?
    Yes, 502 University Ave in Ithaca, NY has on-site parking.

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